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Everything posted by Peterw42
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In places like Pattaya, a new (blank) blue book is issued when the property is transferred, but otherwise, as others have mentioned, a replacement can be obtained at local ampher/tessabaan. You may want to point out to the buyer that blue book has nothing to do with ownership, and is somewhat irrelevant for a foreign quota condo with no Thais living there. Also, you are confusing having a yellow book for a property going in a yellow book. You can usually get a yellow book issued for a property, at the same ampher/tessabaan. Being listed in a yellow book is a different matter and the requirements are different at each office.
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Is it a foreign quota condo ? Or have you set up some sort of company so you can part own a non foreign title condo ? In the absence of a will, property goes to Statutory Heirs: The law defines a hierarchy of statutory heirs, with descendants (children) taking priority, followed by parents, siblings, grandparents, and then uncles and aunts. Surviving Spouse: The surviving spouse is also considered a statutory heir and will usually receive a share of the estate, but the exact portion depends on the existence of other heirs. A very easy problem to rectify, make a will.
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New condos in townhouses
Peterw42 replied to SailingHome's topic in Real Estate, Housing, House and Land Ownership
Its usually 2-3 payments, a deposit, then progress payments. So much down, a percentage when the building is complete, balance when title is transferred. -
Tabien baan has nothing to do with ownership, and does not record the owners details. The Tabian Bann (blue book) records the who resides at a property, irrespective of whether they own or rent , one person will be the main resident, ie: the house master. The owner is recorded on the chanote (title deed) for the property. As a foreigner, you cant own land so cannot be listed as the owner on any house/land documents, and foreigners are not recorded Blue books, they are recorded in a yellow Tabian baan that records foreigner residents. Again, nothing to do with ownership.
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Tax on sale if condo & deductions
Peterw42 replied to Airwolf's topic in Real Estate, Housing, House and Land Ownership
There are 3-4 taxes when you sell a condo, and they are subject to individual circumstances. One of the taxes is on profit, but varies over time, if you live in the property, other income etc. One thing to keep in mind is taxes are calculated on what the land office says a property is worth, not what you say its worth. https://samui-island-realty.com/thailand-property-taxes-fees/ -
Pattaya's Dark Side: What You Won't Find in the Travel Brochures
Peterw42 replied to webfact's topic in Pattaya News
I thought the same, discussing the lesser known attractions over the darkside area of pattaya, (the nickname for the eastern side of Pattaya because years ago it was late getting electricity). -
Unless otherwise specified, a lot of wise transfers can be local transfers into your account. From memory, you can specify when transferring that its shown as international transfer. (you can chase up wise after the fact and they will give you documents to verify int transfer) Otherwise, your bank should be able to add up past international transfers and give a letter/FET for the land office. Stating that the money is to buy a condo is a Thai central bank requirement, not a land office requirement. I have purchased two condos and never put "to buy a condo" on the transfers, in fact I used my original 800k transfer for retire visa as part of the shown transfer funds.
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Pattaya: Train Collides with Car at Khao Talo Railway Crossing
Peterw42 replied to Georgealbert's topic in Pattaya News
I live very close to this crossing, and cross a couple of times a day. It is a crossing at a very busy road and intersection. Its stand still traffic night and day, and you are often stuck at a stand still in the middle of the tracks. I have been stuck on the track with the gates coming down, it happens daily, usually the gates sense the cars and don't come down, gates open train gets a red light, gates closed train gets a green light, often the trains are usually coming through at a walking pace and just come to a stop if the track is blocked. Its a little un nerving looking down the track at a train stopped a couple of hundred meters away. I think there is more to this story, someone has tried to run the gauntlet after the gates are closed, or some sort of major failure with sensors/signals. -
Does ChatGPT give ridiculous arbitrary answers to questions, based on clickbait information from a vocal minority. YES
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A lot of property gets listed and sold on Facebook marketplace nowadays, or Facebook property groups in your area. Given you have a a niche property (investment/live in), the traditional places to sell probably don't apply. Dont forget, everything sells for the right price, if you are getting no enquiries or lookers then its as simple as your price is probably to high.
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There is no definitive way of knowing if an agent is authorized by an owner, as above, stick with large reputable agents that deal exclusively with foreigners. There is no list of things that "must" be included with a lease. 100s of people rent properties every day with no problems, instances of fake agents are very rare, and not as common as clickbait social media posts would have you believe.
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You probably need an accountant to be structured correctly to claim mortgages/expenses against income etc. There is information on websites like below about the tax system and deductions. It appears, for an individual, only mortgage interest is deductible . Otherwise it appears a rental property would need to be set up as a company to get full deductions for mortgage, expenses etc. Which sort of makes sense as an individual isn't a business. https://phuketrealtor.com/blog/tax-on-rental-income-in-thailand-what-should-you-know https://www.expattaxthailand.com/thailand-expat-tax-rates-allowances-and-deductions/
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Dems fear harris is MIA during campaign stretch: …
Peterw42 replied to riclag's topic in Political Soapbox
How could you possibly know how many people are watching either candidates streams ? -
You would have a hard time finding long-term leases that allow subletting of the property. You cannot work in Thailand, including meet/greet customers, cleaning etc. And the big one, Airbnb is illegal in Thailand, for stays under one month. Also, Airbnb works where accommodations are in short supply and expensive. There are 1,000s of great cheap hotels, resorts, in Thailand, pretty much negating any demand for Airbnb.
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Australian Aged Pension
Peterw42 replied to VOICEOVER's topic in Australia & Oceania Topics and Events
You cant get disability pension overseas, that was shut down years ago. -
Australian Aged Pension
Peterw42 replied to VOICEOVER's topic in Australia & Oceania Topics and Events
I think you will find once you are over 60 the in person reporting and looking for a job etc goes out the window, but they point you towards volunteering. -
Australian Aged Pension
Peterw42 replied to VOICEOVER's topic in Australia & Oceania Topics and Events
The 35 year rule has nothing to do with pension being portable or being cut off if you leave. 35 years is the minimum time you are required to be working (available for work), to even qualify for a pension. As above, if someone leaves Australia aged 40 and doesn't return until 67, then they haven't put in the required years to even get a pension, let alone making it portable. Even if they started working at 15, that 25 years working. -
Australian Aged Pension
Peterw42 replied to VOICEOVER's topic in Australia & Oceania Topics and Events
They would need to return to Australia at age 65, 2 years prior. If they have been out of Australia since their 40s, then the probably haven't put in enough years to get a full pension, IIRC its 35 years. -
Land office - quick or drags on
Peterw42 replied to Dan SG's topic in Real Estate, Housing, House and Land Ownership
The time frame could vary depending on which land office, but usually an hour or so. At 1pm, you will be the first appointment after lunch. The couple of times I have bought a condo, there was an envelope changed hands to ensure speedy service, 500 baht each from buyer and seller. -
Thank you, Literally the best and most sensible realistic comment, on the Tax situation, I have seen.
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Destination Thailand Visa Gains Popularity Among Expats
Peterw42 replied to webfact's topic in Thailand News
Do you know what documentation ? Is it a bank statement from home country, a statement from the country you apply in . If its anything like an OA retire visa, you cant apply in one country and show savings in another.